If the supply and demand curves intersect at a price of $60, then any price above that would result in:

Name: If the supply and demand curves intersect at a price of $60, then any price above that would result in:
Brand: Quizplus
Rating: 4.8 (53 reviews)

Question

Quizplus · Accepted Answer

When the price is set above the equilibrium price where supply and demand intersect, it results in a surplus because suppliers are willing to supply more of the good than consumers are willing to buy at that higher price.

If the Supply and Demand Curves Intersect at a Price